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Nigeria’s Debt Per Capita Hits ₦619,501 as Total Public Debt Rises to ₦134 Trillion

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The National Bureau of Statistics (NBS) has reported that Nigeria’s debt per capita now stands at ₦619,501, following a review of the country’s debt portfolio for the second quarter of 2024.

The Debt Management Office (DMO) disclosed that Nigeria’s total public debt has surged to ₦134.297 trillion as of June 2024, marking an increase of ₦13 trillion from the previous quarter’s total of ₦121 trillion.

Based on Nigeria’s estimated population of 216.7 million, the debt per person averages ₦619,501. The DMO’s report breaks down the debt into domestic and external components: domestic debt stands at ₦71.2 trillion, while external debt totals ₦63 trillion.

Within the external debt figure, the federal government owes ₦55.8 trillion, and states owe ₦7.1 trillion.

Domestically, the federal government’s debt is significantly higher at ₦66.9 trillion, with states owing ₦4.2 trillion.

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The rising debt has reignited discussions around Nigeria’s reliance on borrowing, with increased calls for the government to explore sustainable financing strategies to reduce the debt burden on citizens.


 

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Pastor Kumuyi Says His Wife’s Death Motivated His Global Fight Against the Devil

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Pastor William Kumuyi, the General Overseer of Deeper Christian Life Ministry, has opened up about how the death of his wife, Abiodun, in 2009 pushed him into what he describes as a mission of revenge against the devil. Speaking during the Global Workers’ Conference, Kumuyi revealed that he received the heartbreaking news just after preaching at Faith Clinic.

He believes the devil struck while he was away from home. Since then, he said his response has been to take the gospel even further, using his ministry to fight back. In his words, the next chapter of his calling has been all about “revenge.”

Since her passing, Kumuyi has intensified his efforts, traveling across nearly every local government in Nigeria, reaching all African nations, and visiting continents around the world. He remarried in 2010, but says his wife’s death marked a turning point in how far and wide he spreads the gospel.


 

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Nigerian Gospel Singer Big Bolaji Laid to Rest in Ibadan

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Late gospel singer, Big Bolaji was out to rest at the funeral ceremony held in Ibadan, Oyo state.

It can be recalled that the late singer passed away from an illness on the 19th of April, 2025.

Friends, family and colleagues gather at the ceremony to honour their late friend and singer. Many also take to social media to share a heartwarming tribute to the gospel singer.


 

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Tinubu Says Ending Fuel Subsidies And Fixing Taxes Are Helping Nigeria

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Two years into his administration, President Tinubu highlights key achievements in Nigeria’s economy and social sectors. He reminds Nigerians of the tough choices made early on, like removing fuel subsidies and fixing foreign exchange policies, to stop the country from slipping into crisis. These bold moves have started to pay off.

Inflation is easing, staple food prices are dropping, and the oil sector is seeing renewed growth with billions invested. The government has improved revenue collection, narrowed the fiscal deficit, and built up reserves to protect Nigeria from shocks.

Tax reforms are helping small businesses and protecting low-income families by cutting VAT on essentials like food and education. The administration is also supporting new industries through targeted incentives and making trade easier and fairer.

On the social front, health services are expanding with thousands of primary health centers being upgraded and new cancer treatment centers opening. Free and subsidized medical care is reaching more Nigerians, while health insurance coverage grows steadily.

The president also points to progress in education, youth empowerment, and infrastructure development as the foundation for long-term growth. Despite challenges, these efforts show that Nigeria is moving in the right direction, building a stronger economy and better future for all its people.

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